Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
WesCorp adds Thompson loandeposit pricing services
SAN DIMAS, Calif. (7/7/10)--Western Corporate FCU (WesCorp) members now have access to the CostPro Product Suite through a partnership with Thompson Consulting and Training (TCT). CostPro is a comprehensive suite of tools that provides solutions for asset-liability management in credit unions of all asset sizes. “The CostPro suite takes into account all costs associated from generating loans and deposits,” said Randy Thompson, TCT founder/president. The algorithm “models not only hard costs, but soft costs as well, those known as activity-based costing. These include staff time associated with various activities in the deposit and loan-generation process.” The methodology identifies potential cost savings and improved efficiencies, along with a precise cost basis for loan and share pricing. The tool is generally employed by credit unions on a quarterly basis, TCT said. WesCorp is headquartered in San Dimas, Calif.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
7 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
8 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
10 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
12 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
12 hours ago